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Crisis and control : institutional change in financial market regulation
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ISBN: 9783593396712 Year: 2012 Publisher: Frankfurt Campus


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The regulation of financial markets in the 1990s
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ISBN: 1852781777 9781852781774 Year: 1990 Publisher: Aldershot Elgar

The political economy of financial market regulation : the dynamics of inclusion and exclusion
Authors: --- ---
ISBN: 1845425189 9781845425180 Year: 2006 Publisher: Cheltenham Edward Elgar


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The Globalized Governance of Finance
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ISBN: 9781108594295 1108594298 9781108475518 9781108468596 1108597025 1108475515 Year: 2020 Publisher: Cambridge, England : Cambridge University Press,

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Abstract

Big banks are capable of wreaking havoc on the global economy, and governments have often felt powerless to stop them. Regulators have responded by developing coordinated programs to handle banks, insurers, broker dealers, shadow banks and other businesses that can blow up in a crisis. This program began informally and undemocratically, and has developed into something much more organized, formalized and predictable, even though it has never been legally enforceable. David Zaring examines the realities of the current international financial system and concludes that in fact this is a well-ordered and functioning regulatory environment: the international financial system enjoys a substantial degree of compliance, and operates predictably and harmoniously. As a result, perhaps this could serve as a paradigm for future global governance. Zaring explores three aspects of international financial regulation that can inform global governance: harmonization through rules, cooperation on enforcement and agreement on fundamental principles.

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